New Silk Road could double Hungary’s GDP, says MNB
The New Silk Road, the trade route between Asia and Europe that China is aiming to revive, could double Hungary’s GDP, National Bank of Hungary (MNB) governor György Matolcsy said at a meeting of economists yesterday, according to Hungarian news agency MTI.
If Hungary remains open to the Silk Road, it could add another EUR 100 billion to its economy, Matolcsy said.
He noted that 64 countries lie along the trade route, and these countries generate 40% of global GDP.
The National Bank of Hungary has already made agreements with some of China’s biggest banks, he added.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
